Adient PLC (ADNT)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 213,000 | 205,000 | 115,000 | 12,000 | -54,000 | -120,000 | 795,000 | 754,000 | 904,000 | 1,108,000 | 112,000 | -142,000 | -230,000 | -547,000 | -515,000 | -511,000 | -641,000 | -491,000 | -1,842,000 | -1,467,000 |
| Revenue (ttm) | US$ in thousands | 15,356,000 | 15,395,000 | 15,316,000 | 14,746,000 | 14,340,000 | 14,121,000 | 13,242,000 | 12,999,000 | 13,312,000 | 13,680,000 | 14,506,000 | 12,890,000 | 12,582,000 | 12,670,000 | 12,994,000 | 15,587,000 | 16,304,000 | 16,526,000 | 16,750,000 | 17,025,000 |
| Net profit margin | 1.39% | 1.33% | 0.75% | 0.08% | -0.38% | -0.85% | 6.00% | 5.80% | 6.79% | 8.10% | 0.77% | -1.10% | -1.83% | -4.32% | -3.96% | -3.28% | -3.93% | -2.97% | -11.00% | -8.62% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $213,000K ÷ $15,356,000K
= 1.39%
The net profit margin of Adient plc has shown fluctuation in recent quarters. In Q1 2024, the net profit margin improved to 1.39%, indicating the company generated 1.39 cents of profit for every dollar of revenue. This was a slight increase from the previous quarter's margin of 1.33% in Q4 2023.
The trend prior to Q1 2024 was characterized by variability and inconsistency in the net profit margin. In Q3 2023 and Q2 2023, the margins were 0.75% and 0.08% respectively, showing relatively low profitability levels. Notably, the company experienced negative net profit margins in Q1 2023 and Q4 2022, at -0.38% and -0.85% respectively, indicating losses in those periods.
In contrast, the performance in Q3 2022 and Q2 2022 was more favorable, with net profit margins of 6.00% and 5.80% respectively, representing strong profitability levels during that time.
Overall, the analysis of Adient plc's net profit margin highlights the company's varying financial performance in recent quarters, with Q1 2024 showing an improvement compared to previous periods. It is essential for the company to analyze the factors driving these fluctuations and implement strategies to maintain and enhance profitability in the future.
Peer comparison
Dec 31, 2023